Polymarket Secures CFTC Approval to Operate as Full U.S. Exchange
Polymarket, a crypto market prediction platform, has received regulatory approval from the Commodity Futures Trading Commission (CFTC) to operate as a fully regulated exchange for U.S. retail users and brokerages. The Amended Order of Designation permits the company to launch an intermediated trading platform, subject to federal exchange regulations.
The approval enables Polymarket to integrate traditional market infrastructure, including futures commission merchants (FCMs), custody solutions, and reporting channels. "People rely on Polymarket because we provide clarity where there is confusion and accountability where there is ambiguity," said Shayne Coplan, Founder and CEO. The firm plans to onboard brokerages and facilitate trading on U.S. venues soon.
This milestone follows Polymarket's earlier CFTC approval two months ago for its prediction market operations. The regulatory green light underscores growing institutional acceptance of crypto-native platforms within established frameworks.